Stock Yards Bank & Trust Co. Has $16.12 Million Holdings in Charles Schwab Corp (SCHW)

Stock Yards Bank & Trust Co. lessened its stake in Charles Schwab Corp (NYSE:SCHW) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 313,783 shares of the financial services provider’s stock after selling 6,659 shares during the quarter. Charles Schwab comprises about 1.8% of Stock Yards Bank & Trust Co.’s holdings, making the stock its 16th largest holding. Stock Yards Bank & Trust Co.’s holdings in Charles Schwab were worth $16,119,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHW. Capital Research Global Investors boosted its stake in shares of Charles Schwab by 86.3% during the 2nd quarter. Capital Research Global Investors now owns 24,237,199 shares of the financial services provider’s stock valued at $1,041,230,000 after buying an additional 11,224,199 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Charles Schwab by 1,766.9% during the 2nd quarter. Janus Henderson Group PLC now owns 9,357,736 shares of the financial services provider’s stock valued at $402,011,000 after buying an additional 8,856,483 shares during the last quarter. FMR LLC boosted its stake in shares of Charles Schwab by 11.3% during the 2nd quarter. FMR LLC now owns 30,766,004 shares of the financial services provider’s stock valued at $1,321,708,000 after buying an additional 3,128,532 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Charles Schwab by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 81,925,586 shares of the financial services provider’s stock valued at $3,519,523,000 after buying an additional 2,536,947 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in shares of Charles Schwab by 90.2% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,887,840 shares of the financial services provider’s stock valued at $213,794,000 after buying an additional 2,318,498 shares during the last quarter. Hedge funds and other institutional investors own 79.54% of the company’s stock.

In other Charles Schwab news, EVP Bernard J. Clark sold 50,444 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $50.52, for a total value of $2,548,430.88. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Walter W. Bettinger bought 72,510 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was bought at an average cost of $27.21 per share, for a total transaction of $1,972,997.10. Following the completion of the transaction, the insider now directly owns 41,330 shares of the company’s stock, valued at $1,124,589.30. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 1,658,531 shares of company stock worth $77,397,901. Corporate insiders own 12.00% of the company’s stock.

Charles Schwab Corp (NYSE:SCHW) traded up $0.22 during mid-day trading on Thursday, hitting $53.56. The company had a trading volume of 9,042,899 shares, compared to its average volume of 6,322,428. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.30 and a current ratio of 0.31. The firm has a market cap of $71,870.00, a price-to-earnings ratio of 34.33, a P/E/G ratio of 1.30 and a beta of 1.75. Charles Schwab Corp has a twelve month low of $37.16 and a twelve month high of $54.47.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. Charles Schwab had a return on equity of 15.77% and a net margin of 27.30%. The business’s revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 EPS. equities research analysts forecast that Charles Schwab Corp will post 1.61 earnings per share for the current fiscal year.

SCHW has been the subject of several research analyst reports. BidaskClub upgraded Charles Schwab from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 16th. Jefferies Group reiterated a “buy” rating and set a $49.00 target price on shares of Charles Schwab in a research note on Friday, September 15th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $47.00 target price on shares of Charles Schwab in a research note on Friday, September 15th. Morgan Stanley increased their target price on Charles Schwab from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, October 5th. Finally, Barclays increased their target price on Charles Schwab from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $51.25.

ILLEGAL ACTIVITY NOTICE: “Stock Yards Bank & Trust Co. Has $16.12 Million Holdings in Charles Schwab Corp (SCHW)” was published by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark & copyright law. The correct version of this story can be read at https://www.com-unik.info/2018/01/11/stock-yards-bank-trust-co-has-16-12-million-holdings-in-charles-schwab-corp-schw.html.

Charles Schwab Company Profile

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charles Schwab Corp (NYSE:SCHW).

Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

What are top analysts saying about Charles Schwab? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Charles Schwab and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit